Sanders Claims 'Every Study' Shows Medicare for All Will Save Money
By: Newsweek - Chantal Da Silva
Bernie is the "Panderer Extraordinaire" !
The "Kiddies" of the country love it though !
Elect someone that bases their entire platform on "Assumptions".
Bernies "Assumption" is that his plan would be 450 Billion less than 17 Trillion over ten years that has been the best cost to date for HIS plan. And that's just the costs of "ONE" of his plans costs.
Go ahead.....do it.
Don't complain later though !
Promoting his signature Medicare for All plan, Sanders said at one point during the debate that "every study out there, conservative or progressive, says: 'Medicare for All' will save money."
While it is true that some studies have suggested that the plan could cost less than the current health care system in the U.S., other studies have found that Medicare for All would only increase spending.
Sanders appeared to embrace one particular study during the debate: a recent study published in medical journal The Lancet, which determined that his plan could cost $450 billion less in one year than the current framework.
The Lancet paper estimates that the costs for Medicare for All could come to $17 trillion over 10 years, a significantly lower amount compared to the roughly $30 to $40 trillion other studies have estimated the plan might cost the U.S. over a decade.
However, critics have been quick to dismiss that study, with health economists warning that its findings rely on unrealistic assumptions to arrive at that number.
"The assumptions are unrealistic," Gerard Anderson, a health economist at Johns Hopkins University in Baltimore recently told Kaiser Health News.
Noting that the study claims hospitals would spend less money on overhead costs with a single insurance plan, Anderson said the research ignores all the other costs that they would need to cover, including staffing electronic health records.
"You are never going to save that much money from the various providers," Anderson asserted.
In the wake of Tuesday's debate, a number of outlets, including The New York Times, seized on Sanders' use of the Kaiser study to rally support around Medicare for All, while also deeming his claims that "every study" has found the plan to be less costly as "false."
Much of the additional spending would be due to the fact that the plan would see coverage extended to more Americans. However, the plan would also include expensive benefits, which could also increase the cost.
Liu told Kaiser that she agreed that the Lancet paper made clearly uncertain assumptions. However, she also noted that the researchers behind the study acknowledge that their findings are based on those assumptions.